NEVADA KING INTERCEPTS 1.74 G/T AU OVER 114.3M, 1.05 G/T AU OVER 89.9M, AND 1.09 G/T AU OVER 61M, EXTENDS WEST ATLANTA GRABEN AT ATLANTA
- Assay results show positive intercepts of gold mineralization, including significant grades and intervals.
- Extension of mineralization in the West Atlanta Graben indicates potential for increased resource size.
- None.
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Notes |
AT22WS-6 | 202.7 | 314.0 | 111.3 | 0.56 | 8.3 | Bottomed in Mineralization |
AT22WS-7 | 211.9 | 306.4 | 94.5 | 0.59 | 10.1 | |
AT22WS-11 | 193.6 | 283.5 | 89.9 | 1.05 | 19.1 | Bottomed in Mineralization |
AT23WS-34 | 205.8 | 320.1 | 114.3 | 1.74 | 13.8 | Bottomed in Mineralization |
AT23NS-105 | 282.0 | 343.0 | 61.0 | 1.09 | 5.7 | |
Includes | 294.2 | 295.7 | 1.5 | 10.92 | 9.5 |
Table 1: Highlight holes released today along Section 22-14N. Mineralization occurs along sub-horizontal horizons |
- 1.74 g/t Au over 114.3m in AT23WS-34 is a 14m step-out from historical hole DHRI-15-LRC1 that cut 1.66 g/t Au over 102.1m and bottomed in mineralization, thus extending mineralization 12m deeper while also confirming the Au/Ag grades reported in DHRI-15-LRC1.
- 1.09 g/t Au over 61m in AT23NS-105 is an 8m step-out from historical hole DHRI-11-MRC4 (3.27 g/t Au over 22.9m), which bottomed in mineralization. We now know mineralization within this fault block is around 60m thick and the Company is planning an additional hole to be drilled on the east side of DHRI-11-MRC4 to see if grade increases moving toward the nearby fault.
- Of the three holes drilled along the West Atlanta Fault #1 ("WAF1"), AT22WS-11 showed the best result, averaging 1.05 g/t Au over 89.9m, while the adjacent holes AT22WS-6 and 7 intercepted 0.56 g/t Au over 111.3m and 0.59 g/t Au over 94.5m, respectively. Historical core hole DHRI-11-7C, located 19m east of WS-7, reported 90.2m at 0.97 g/t Au, demonstrating consistency in thickness and grade all across this 50m-wide fault block to DHRI-15-LRC1 on the east side.
- Drilled between the West Atlanta Fault ("WAF") and the WAF1, AT23WS-10A picked up 29m grading 0.685 g/t Au, indicating the presence of mineralization that needs to be further defined with additional drilling to the east and west where the bounding faults may provide higher grades.
Cal Herron, Exploration Manager of
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Notes |
AT23NS-105 | 282.0 | 343.0 | 61.0 | 1.09 | 5.7 | |
Includes | 294.2 | 295.7 | 1.5 | 10.92 | 9.5 | |
AT23WS-34 | 205.8 | 320.1 | 114.3 | 1.74 | 13.8 | Bottomed in Mineralization |
AT22WS-6 | 202.7 | 314.0 | 111.3 | 0.56 | 8.3 | Bottomed in Mineralization |
AT22WS-7 | 211.9 | 306.4 | 94.5 | 0.59 | 10.1 | |
AT22WS-11 | 193.6 | 283.5 | 89.9 | 1.05 | 19.1 | Bottomed in Mineralization |
AT22WS-10A | 199.7 | 228.7 | 29.0 | 0.69 | 15.1 | |
AT22NS-30 | 0.0 | 140.2 | 140.2 | <0.07 | <0.5 | |
AT22NS-31 | 62.5 | 71.6 | 9.1 | 0.41 | 21.6 | |
AT22RC-20 | 109.8 | 128.0 | 18.3 | 0.54 | 12.4 | Angle hole |
AT22RC-21 | 9.1 | 13.7 | 4.6 | 0.25 | 1.00 | Angle hole |
AT22RC-15 | 54.9 | 97.6 | 42.7 | 0.25 | 20.7 | Angle hole |
Table 2: All holes reported today along Section22-14N. Mineralization occurs along sub-horizontal horizons generally |
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Notes |
AT21-15 | 24.4 | 53.4 | 22.9 | 0.44 | 32.3 | |
AT21-18 | 0.0 | 3.0 | 3 | 0.15 | 18.1 | |
AT21-18B | 0.0 | 4.6 | 4.6 | 0.13 | 22.9 | Angle hole |
AT21-19 | 16.8 | 19.8 | 3 | 0.14 | 5.1 | |
88-8 | 152.4 | 173.8 | 21.3 | 0.44 | 23.2 | |
DHRI-11-7C | 202.7 | 293.0 | 90.2 | 0.97 | 25.4 | Bottomed in mineralization |
DHRI-12-MRC4 | 272.9 | 295.7 | 22.9 | 3.27 | 3.6 | Bottomed in mineralization |
DHRI-15-LRC1 | 208.8 | 311.0 | 102.1 | 1.66 | 8.9 | |
DHRI-15-LRC2 | 275.9 | 309.5 | 33.5 | 0.28 | <0.5 |
Table 3: Previously reported and historic holes used in Section 22-14N. AT21 series hole was drilled by |
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Calvin R. Herron, P.Geo., who is a Qualified Person as defined by National Instrument 43-101 ("NI 43-101").
The Company is well funded with cash of approximately
The Atlanta Mine is a historical gold-silver producer with a NI 43-101 compliant pit-constrained resource of 460,000 oz Au in the measured and indicated category (11.0M tonnes at 1.3 g/t) plus an inferred resource of 142,000 oz Au (5.3M tonnes at 0.83 g/t). See the NI 43-101 Technical Report on Resources titled "Atlanta Property,
NI 43-101 Mineral Resources at the Atlanta Mine
Resource Category | Tonnes (000s) | Au (ppm) | Contained Au | Ag Grade (ppm) | Contained Ag |
Measured | 4,130 | 1.51 | 200,000 | 14.0 | 1,860,000 |
Indicated | 6,910 | 1.17 | 260,000 | 10.6 | 2,360,000 |
Measured + Indicated | 11,000 | 1.30 | 460,000 | 11.9 | 4,220,000 |
Inferred | 5,310 | 0.83 | 142,000 | 7.3 | 1,240,000 |
Please see the Company's website at www.nevadaking.ca.
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SOURCE Nevada King Gold Corp.